property rights

On property rights as a check against political power, Pitt edition

“The poorest man may in his cottage bid defiance to all the forces of the Crown. It may be frail—its roof may shake—the wind may blow through it—the storm may enter—the rain may enter—but the King of England cannot enter!” (William Pitt, March 1763 speech. Pitt was a British Whig politician, including being Prime Minister […]

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Tragedy of the Commons [Business Ethics Cases series]

My video lecture, part of the Business Ethics Cases series. Contents: 1. What the tragedy is. 2. The free-market solution. 3. The socialist solution. 4. Comparing the two solutions. The entire video (43 minutes total): Supplements: * Garrett Hardin, “The Tragedy of the Commons”, Concise Encyclopedia of Economics. * Transcript of the above video lecture

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